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economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think is only about i think. you can put your bumpers way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to bear stearns and he's been marauding his way through the too big to fail becoming even bigger to bigger to fail even less bigger big big in eric holder and shaking interest desk it's disgusting we're going to move on to this next headline because it talks exactly about that how too big to jail has become and his influence over the political class leaman creditors can question london whale says judge a bankruptcy judge gave creditors of lehman brothers the green light to subpoena former j.p. morgan trader bruno extolled the so-called london whale in an eight point six billion dol
economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think is only about i think. you can put your bumpers way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to bear stearns and he's been marauding his way through the too big to fail...
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Mar 19, 2013
03/13
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CSPAN
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ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a healthy economy to create jobs and get people back on their feet again and that's exactly why we are proposing and passing this budget. i yield back the balance of my time. the chair: all time has expired. the chair: the gentleman from texas, mr. brady and the gentlewoman from new york, mrs. maloney, will each control 30 minutes on the subject of economic goals and policy. the chair recognizes the gentleman from texas. mr. brady: thank you, mr. speaker, during the annual debate -- i yield myself such time as i may c
ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a...
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Mar 20, 2013
03/13
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CNBC
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economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
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Mar 21, 2013
03/13
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he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not coming down. britain was an experiment two years ago in rapid austerity. i think the markets here know what the country here in britain knows, it's failed. >> they did come out saying business applauded measures yesterday, which i'm sure he would also applaud. 32 pounds of national insurance. that's going to help job creation, cutting corporate tax rates again. infrastructure spending, he's done that, as well. there are very business friendly measures here and it's the private sector, after all, that's going to get the growth going in this country. >> look, the small busin
he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not...
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Mar 19, 2013
03/13
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FBC
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what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to. they jack up prices to get world attention and also because maybe they will have to as the region becomes destablized with iraq and iran involved. so at the end of the day i think you're going to see, your segment with boone pickens was so right on the money, we have to find alternative. if there is any message not only to get involved, i pray that the obama administration realizes we need a no-fly zone. we need to arm the rebels about. this is not exact science what to do there. we need to take sides. the darwin one evolution what is happening i
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to....
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Mar 25, 2013
03/13
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we will go from cyprus to the economy in europe and the economy right here in the united states, and what exactly does he mean a cure for capitalism? wstay with us. ♪ [music break] , diedic by bebo valdÉs friday the age of 94, the son of studyr factory worker, classical music at the conservatorio become a favorite collaborator with the great alongsingers of his era with americans such as nat king cole. he was considered a giant in the golden age of cuban music. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. wolff, a is richard professor emeritus at the university of massachusetts and hearst, now new school university, author of many books including, "democracy at work: a cure for capitalism." i want to talk about austerity here at home read this is house speaker john boehner speaking last month that in the $85 billion budget sequester cuts that took effect march 1. >> the american people know the president gets more money, they're just going to spend. he has got his tax hikes. it is time to focus on the real problem in washington, and that i
we will go from cyprus to the economy in europe and the economy right here in the united states, and what exactly does he mean a cure for capitalism? wstay with us. ♪ [music break] , diedic by bebo valdÉs friday the age of 94, the son of studyr factory worker, classical music at the conservatorio become a favorite collaborator with the great alongsingers of his era with americans such as nat king cole. he was considered a giant in the golden age of cuban music. this is "democracy...
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are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job or a financial intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who is the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting my food stamps taken a cut on the breadline busies of vertically integrated fraudster. i were colder on this he says he can't go after him because he's hiding under his desk right and he said they jamie might not be in your christmas card was your but i think that says everything the fact that we have institutions that control and are treated differently and we bedded that. by calling these companies different they are systemically important right the other seven thousand bags to try and earn an honest living in this country they're not import but who wrote it frank while
are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job or a financial intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who is the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting my food stamps taken a...
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Mar 20, 2013
03/13
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economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more concentrated, lots more international, large multinationals that are connecting resources, investors and other countries, there's a lot more demand, so i think based on that and based on the innovations and information technology in a lot of industries you would expect financial services to be somewhat bigger. so i don't really know the answer to that question. my predecessor paul volcker explained the only contribution financial industry is the automatic teller machine. i don't know the answer. a much bigger sector can be defined by the wider range of services globalized financial economic syste
economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more...
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Mar 24, 2013
03/13
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first of all, as long as the economy economy remains weak, also the economy gets stronger, we'll have more revenue and, also, if the economy gets stronger, then i start to become a hawk if the economy is strong enough. by no means am i saying, we have to stay in this mode under all conditions. under these questiconditions yo to do that. the idea that necessarily we're going to be facing higher interest rates some time soon is by history. look at japan. japan has been running large deficits, as much as twice the debt burden that we have. still very low interest rates. just not a story that you should place a lot of weight on and, by the way, the projections right now about what the interest burden on the federal budget will be in the year 2023, they say that it will be as high as it was in 1991, 1992. we actually had interest payments that were over 3% of gdp under bush one and then they came way down. people said, oh, look at these scary numbers about rising interest payments, they, the scenario we're supposed to be afraid of is the things we go back to the way they were 20 years ago,
first of all, as long as the economy economy remains weak, also the economy gets stronger, we'll have more revenue and, also, if the economy gets stronger, then i start to become a hawk if the economy is strong enough. by no means am i saying, we have to stay in this mode under all conditions. under these questiconditions yo to do that. the idea that necessarily we're going to be facing higher interest rates some time soon is by history. look at japan. japan has been running large deficits, as...
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Mar 25, 2013
03/13
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it builds confidence that the economy is growing again. the challenge is keeping people with you, and convincing them you're trying to bring the change they're looking for. >> suarez: ireland's business community is forecasting growth well above the european average for the next 20 years. after leading the eurozone into the bust, ireland now wants to lead it out. >> woodruff: and you can read all of ray's reports from ireland on our world page. >> ifill: next, a collection of stories about lethal crimes and punishments. jeffrey brown has our book conversation. >> brown: they begin as often grisly tales of murder, the stuff of the tabloids and nightly news, but some of these crime stories end up in the supreme court, part of a continuing and evolving debate in this country about the death penalty, its methods, its effectiveness, its morality. a new book explores this history. it's titled "murder at the supreme court: lethal crimes and landmark cases." its authors are veteran journalists martin clancy and tim o'brien. the title sounds like a
it builds confidence that the economy is growing again. the challenge is keeping people with you, and convincing them you're trying to bring the change they're looking for. >> suarez: ireland's business community is forecasting growth well above the european average for the next 20 years. after leading the eurozone into the bust, ireland now wants to lead it out. >> woodruff: and you can read all of ray's reports from ireland on our world page. >> ifill: next, a collection of...
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Mar 24, 2013
03/13
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if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden that we have. still low interest rates. it's not a story that you should place a lot of weight on. by the way, the projections right now, about what the interest burden on the federal budget will be in the year 2023, they say it will be as high as it was in 1991, 1992. we actually had interest payments over 3% of gdp under bush one and then came way down. so when people say look at the scary numbers about rising interest payments, the scenario we are supposed to be afraid of are the things going back to the way they were 20 years ago which doesn't seem all that scary. >> let's look at. that we have a chart with precisely that. this is the net interest payments and this is assuming fairly modest rate increases. w
if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden that we have. still low interest rates. it's not a story that you should place a lot of weight on. by the way, the...
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Mar 20, 2013
03/13
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economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the question there is whether the negotiates going down to the wire will spook the markets or not. the markets have been remarkably resillient. we went through a sequester deadline. the dow hits an all time high during this. >> rose: why was that? >> because i think the fed trumps everything. money cures all. >> it's all about the fed. i'm a skeptic on the grand bargain. i don't think there's a passing game here. there's going to be a ground game and it's going to be, we're going to go yard by yard and we may get little species of this but the idea everyone's going to come toget
economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the...
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Mar 21, 2013
03/13
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FBC
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very mch shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery the upside of them being wrong so often that they actually acknowledge it and try and adjust. so the
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 20, 2013
03/13
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david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food stocks today, a slew of flames hitting life-time highs -- names. hershey, flower foods. j&j snack foods and hormel on the list. david: the markets continued their climb as the federal reserve vowed to keep the printing presses roll being but is the market the only thing really benefiting from their programs? former congressman and long-time fed critic ron paul is telling us exclusively how all this could have potentially, extremely dangerous impact on the money you have in the bank and our country in general. lauren: plus cyprus may be the on the brink of default and looking to confiscate people's mone
david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food...
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Mar 18, 2013
03/13
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we'll be right back and talk about the economy. stay with us. alan krueger is here, he's chairman of the whitehouse council of economic advisors. today he presented the economic report of the president. this is what it looks like. the report found that while much work remains, the economy's healing and moving in the right direction and it could create newed head winds. the sequester was signed in law in march 1st full effect is remain to be seen. all eyes on washington. i'm pleased to have alan krueger back at this table. welcome. >> my pleasure. >> rose: what's the essence of this which is sort of like asking moses of the ten commandments which are the important two. give me the essence of what you discover and you want the american public to know. >> you touched on it. the u.s. economy went through a traumatic period. financial crises was extraordinarily deep. we lost $16 trillion in wealth. but we are digging our way out of this problem. we've regained now almost 15 trillion of the lost wealth. over the last 36 months we've added private sect
we'll be right back and talk about the economy. stay with us. alan krueger is here, he's chairman of the whitehouse council of economic advisors. today he presented the economic report of the president. this is what it looks like. the report found that while much work remains, the economy's healing and moving in the right direction and it could create newed head winds. the sequester was signed in law in march 1st full effect is remain to be seen. all eyes on washington. i'm pleased to have alan...
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Mar 21, 2013
03/13
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it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the idea works. and all of a sudden this business that they started all by themselves out of the spare bedroom of their home, they now have five employees. and five employees isn't just a number. that's five families that are taking home a paycheck. those are five providers -- mothers or fathers -- that are bringing home opportunities to their children. this is how prosperity is created. this is how every one of us has ever gotten a job or how our parents got their jobs, or -- either because they or someone else risked it and created a business opportunity that provides them a job. this is how
it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the...
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Mar 21, 2013
03/13
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between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay the course. of course, he's not willing to commit what, you know, what's going to happen in the future as far as the quantity of easing programs are concerned. guns, there's still quite a lot of uncertainty about how long that's going to continue for. but our expectation is that it's still going to continue through this year and then will wind down in 2014. but, yeah, we do expect to support the federal reserve. >> and that, yon, is what i wanted to ask you about. did you divine any hints in the press conference or the statement today about when the federal reserve might take its foo
between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay...
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emerging power as leaders of the world's major developing economies look to strengthen the global influence of the brics group indorsing plans to create a joint bank at their annual summit in south africa. noon in moscow as a good having you with us here on r.t. our top story the last ditch belo deal for cyprus may have eased fears of a financial catastrophe but cypriots still feeling the pinch getting harder for them to withdraw money and the central bank has decided to keep all banks on the island close to thursday even then capital flows will be temporarily restricted tests are sillier reports from nicosia frustration among cypriots is a growing. is that at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout it needs and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here haircut a lost whatever money they have here for the past week i've been to motional rollercoaster wondering what is going to
emerging power as leaders of the world's major developing economies look to strengthen the global influence of the brics group indorsing plans to create a joint bank at their annual summit in south africa. noon in moscow as a good having you with us here on r.t. our top story the last ditch belo deal for cyprus may have eased fears of a financial catastrophe but cypriots still feeling the pinch getting harder for them to withdraw money and the central bank has decided to keep all banks on the...
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Mar 20, 2013
03/13
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and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for middle-class families all across america. and i would urge my colleagues to support it. mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: i appreciate the opportunity to be with our colleague, senator stabenow, who serves on the budget committee. what i would like to do just briefly -- and i will he yield to senator roberts -- is that president obama on march 13 of this year said "and so you know my goal is not to chase a balanced budget for the sake of balance." my goal is not to chas
and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for...
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Mar 24, 2013
03/13
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that economy should be paying a lot more attention to. when we talk about young people not having a bright future in older people are incredibly pessimistic about this generation's future. it's because the economic futures based on these things like homeownership in marriage. if all of these things are delayed the picture looks different. >> host: what kind of effects does the facebook generation and the generation interested in creating facebook like companies, what does that have on the walmart's? these traditional brick-and-mortar corporations that employ millions of people and are responsible for a huge chunk of our economy? how does that trickle-dtrickle-d own? >> guest: millennials are transforming the fundamentals of our economy. if you look at the ways that millennials value how they are spending their money and if you look at homeownership and you look at marriage. if you look at automobiles, they are at the lowest level since history so this generation is really pushing that kind of restructuring of the economy and we are going
that economy should be paying a lot more attention to. when we talk about young people not having a bright future in older people are incredibly pessimistic about this generation's future. it's because the economic futures based on these things like homeownership in marriage. if all of these things are delayed the picture looks different. >> host: what kind of effects does the facebook generation and the generation interested in creating facebook like companies, what does that have on the...
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Mar 20, 2013
03/13
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. >>> not even a down economy can crush rock and roll. legendar kiss rockers gene simmons and paul stanley kick off a big expan shun of their restaurants. they're here in first on fox interview to tell us why now is the time to bet on the consumer. even when they say it's not it is always about money melissa: first let's turn to today's market moment. fears over cyprus's bailout led to a choppy day of trading on wall street. the dow managed to eke out a slight gain wi the nasdaq and s&p 500 posting minor laws. the s&p fell for thehird straight seson. that is the worst losing streak of the year. microsoft could be in some hot water with the justice department. microsoft and some of its business partners are being investigated over a foreign bribery claims. government officials in china, italy and romania were allegedly bribed to earn software contracts but shares of microsoft still managed to close the day up slightly. >>> all right we start tonight in cyprus. th parliament rejected the tax on bank deposits, potentially killing the bailout
. >>> not even a down economy can crush rock and roll. legendar kiss rockers gene simmons and paul stanley kick off a big expan shun of their restaurants. they're here in first on fox interview to tell us why now is the time to bet on the consumer. even when they say it's not it is always about money melissa: first let's turn to today's market moment. fears over cyprus's bailout led to a choppy day of trading on wall street. the dow managed to eke out a slight gain wi the nasdaq and...
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Mar 25, 2013
03/13
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because we are in a global economy. and what was done to cyprus has been an absolute disaster because any time a country now fears that they might have a financial crisis, first thing people are going to do is start a run on the bank. they're not going to take any chances. and so the germans and the e.u. boesched this thing. the i.m.f., it was done i think for political reasons, the germans did not want to see bailing out russian olegarks in election year but the way they did it was horrible. what they should have done is guarantee at the beginning those 100,000 euro deforests, anything above that they'd get shares in the new bank. you might take a hair cut but normally when a bank goes under, the creditors get shares in a new bank. these guys are just wiped out with no hope of recovery. >> so, the concern here is not so much cyprus itself which after all is the third smallest economy in europe, it's a tiny little island of less than a million people, is it to you more the indication that european leaders still haven't
because we are in a global economy. and what was done to cyprus has been an absolute disaster because any time a country now fears that they might have a financial crisis, first thing people are going to do is start a run on the bank. they're not going to take any chances. and so the germans and the e.u. boesched this thing. the i.m.f., it was done i think for political reasons, the germans did not want to see bailing out russian olegarks in election year but the way they did it was horrible....
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Mar 23, 2013
03/13
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fedex as a gauge of the global economy. fedex posted its third drop in earnings and raised red flags saying shipments to and from asia slowed substantially. also customers are starting to ship to slower methods to save money. fedex ships worldwide so analysts look at earnings report as an early indicator of where the global economy is headed. >> the stock tanked. we know europe is still a mess. it slipped back into recession, but these fears center around slowing growth in asia. how worried should we be about what fedex is telling us? it's so interesting. fedex global revenue, $44 billion. what's happening in the world really matters. it's twice the size of psi press. a little thing like that can be a problem. they are their thumb on the pulse of the economy. >> when it comes to companies, transparency is crucial. when i say that i'm talking about policies or practices. not their yoga pants. lululemon is a great canadian company and never struggled for survival. excellent anthem in the background. it had to pull several sty
fedex as a gauge of the global economy. fedex posted its third drop in earnings and raised red flags saying shipments to and from asia slowed substantially. also customers are starting to ship to slower methods to save money. fedex ships worldwide so analysts look at earnings report as an early indicator of where the global economy is headed. >> the stock tanked. we know europe is still a mess. it slipped back into recession, but these fears center around slowing growth in asia. how...
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economy with other economies around the world but there is no economy in palestine they say for example that the economic structure of palestinian of the economy the structure of the palestinian economy has drastically deteriorated since one thousand nine hundred ninety four now keep in mind the year nineteen ninety four that's when the so-called peace process began the oslo accord was signed in september one thousand nine hundred ninety three so from the very beginning the very inception you might say the first day of the peace process until today the world bank says the manufacturing sector of the palestinian economy has drastically the theory or raided the agricultural sector has drastically deteriorated so what has improved will they say the public sector has improved what is the public sector the public sector or simply handouts from the international community. and the public sector of this past year the biggest growth was in security that is to say the palestinian authority hired more torturers this year than any year in the past that's the palestinian condom no longer have to ju
economy with other economies around the world but there is no economy in palestine they say for example that the economic structure of palestinian of the economy the structure of the palestinian economy has drastically deteriorated since one thousand nine hundred ninety four now keep in mind the year nineteen ninety four that's when the so-called peace process began the oslo accord was signed in september one thousand nine hundred ninety three so from the very beginning the very inception you...
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Mar 26, 2013
03/13
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you can't predict the economy's robust. right thou, the transports are continuing to, unfortunately, tell us that it is a slow growth/no growth economy unless you're either fracking, you're intermodal or e-commerce. >> do the transports still move on that? >> they do to a certain degree but, you know, the bottom line is that all transports have gotten much, much better. >> yeah, yeah. >> that takes a lot of it out of it. >> but if we bring up that chart again, is that fedex? when did this happen on the transports? because it did -- >> fedex. >> fedex to a certain degree, but you know, there was another big player that got shot across the bow that day and that was caterpillar the. >> that was who? >> caterpillar. >> that is not a transport, though. >> yeah. but it's a big industrial. it's a global industrial. they said 13% down sales, they said 25% down in the region. >> so, if we're using the transports as a gauge to the economy, is the fed wrong? are we not going to get the kind of growth that people are expecting at this
you can't predict the economy's robust. right thou, the transports are continuing to, unfortunately, tell us that it is a slow growth/no growth economy unless you're either fracking, you're intermodal or e-commerce. >> do the transports still move on that? >> they do to a certain degree but, you know, the bottom line is that all transports have gotten much, much better. >> yeah, yeah. >> that takes a lot of it out of it. >> but if we bring up that chart again, is...
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Mar 20, 2013
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economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not a million people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial system in europe but potentially for the u.s. >> randy, one thing that everyone wants to know at this point is how healthy or unhealthy is the u.s. economy? how far off are we from full health? >> alas i think we're pretty far from full health. we've seen some green shoots in the spring. actually as we've seen in 2010 and 2011, with a little bit more job growth, a little bit more retail consumption. more stabilization of the housing market but we still have these big risks. the fiscal follies in the u.s. are
economy? >> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not a million people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial...
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Mar 20, 2013
03/13
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economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well, the parcels of the business, but would be expected to do better was the domestic express business because we saw in the end of february and december was interesting because christmas came on a tuesday and so on friday before christmas the 21st we saw a number of high-end retailers, saks fifth avenue, you name it, all offering free shipping, express shipping if you clicked before noon on friday. the good news is that led to a surge in business turn a negative business on volume last quarter into a positive this
economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well,...
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emerging powers leaders of the world's major developing economies are looking to reshape breaks into a powerful bloc indorsing plans to create a joint bank at their annual summit in south africa on tuesday. it's eight am in moscow i matter as a good to have you with us here on our t. our top story a post-mortem examination reveals the death of russian self exiled tycoon boris berezovsky was quote consistent with hanging his body was found in the bathroom of his u.k. home saturday examination found nothing to indicate any violent struggle with british police saying no evidence to suggest any third party involvement or sarah for has the details. the thames valley police have released the latest update in the investigation into the death of birth berzinski and they've revealed that the home office pathologist he carried out the post-mortem examination has found that the cools of death is consistent with hanging now there were no signs it said of a violent struggle we know in a previous statement that the police initiate that they said there was no evidence at this point of the party inv
emerging powers leaders of the world's major developing economies are looking to reshape breaks into a powerful bloc indorsing plans to create a joint bank at their annual summit in south africa on tuesday. it's eight am in moscow i matter as a good to have you with us here on our t. our top story a post-mortem examination reveals the death of russian self exiled tycoon boris berezovsky was quote consistent with hanging his body was found in the bathroom of his u.k. home saturday examination...
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Mar 21, 2013
03/13
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it is not a european economy. it is a growth economy. and we will make a mistake that we will regret, and it will be a couaacolossal error. we are a government of limited powers, constitutionally controlled government. it does not dominate or economy. it does not dominate the people's lives. people are free, and they are -- should be encouraged to be independent and resourceful and to take care of themselves and their families. but when they have a hard time, we need to help them. and we've got programs that spend $750 billion a year, i kid you not. you cobble together all the means-tested welfare programs that go to some, you might say, medicaid -- medicaid is a free program for people whose income is below a certain level. medicaid is a means-tested welfare social program. and there are a lot of them. it's the biggest. but you put all of those to it amounts to $750 billion a year in expenses -- outflow. and there are 83, at least, of these programs, and they're not brought together. they have independence in management, in independent,
it is not a european economy. it is a growth economy. and we will make a mistake that we will regret, and it will be a couaacolossal error. we are a government of limited powers, constitutionally controlled government. it does not dominate or economy. it does not dominate the people's lives. people are free, and they are -- should be encouraged to be independent and resourceful and to take care of themselves and their families. but when they have a hard time, we need to help them. and we've got...
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Mar 21, 2013
03/13
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about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock market, people are worried about how real those numbers are. stuart: you're very much in touch with the political reaction going on in the economy. but there is no political reaction to middle america about what is going on here. president obama is still relatively popular, his policies are still relatively popular. >> his handling of the economy have dropped precipitously. he is now basically dead even with the republicans handling of the economy, so i think the president should be more worried about it than he is. re
about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock...
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Mar 19, 2013
03/13
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it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs because it's going to help grow the economy. what we need from the president and what we need from the senate democrats is a plan to join, to join us in this effort to -- that's going to help improve the lives of americans all across his country. >> a few c.p.a.'s in this town, you are going to be hard-pressed to find a bigger tax budget or economic geek than me. there's nothing i enjoy more than having a discussion about debt to equity ratios and 302-b allocations and the difference between getting to primary balance as opposed to actually alancing the budget. i have been told normal peo
it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs...
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Mar 21, 2013
03/13
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economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of question marks out there and the market is not pricing that in right now. >> no. that's a really good point. scott, i guess the federal reserve sees a lot of those question marks, too. they made the point that they don't want to get into a situation where they pullback too quickly because they don't want to see something that's unsustainable gains in the labor market. i guess that's the good news if anybody is waiting for anything is that the fed is still standing by. >> i think what the fed had to say is essentially bullish for everything in the world except for change. because they don't seem like they want to make any changes except for the news that mr. bernanke has now had a conversation with the president about his tenure. and it seems more likely than ever that his term will come to an end in january. unfortunately, it's going no be just about the
economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of question marks out there and the market is not pricing that in right now. >> no. that's a really good point. scott, i guess the federal reserve sees a lot of those question marks, too. they made the point that they don't want to get into a situation where they pullback too quickly...
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Mar 22, 2013
03/13
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we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there. >> they are there but they are a vanishing minority. >> capitalism is freedom. i appeal to your higher spirits. there must be an agreement with us some place. capitalism is about freedom. live, liberty and pursuit of happiness is done best through the free market capitalist system. >> i agree with you, larry. i don't know what stanford is doing. obviously they can do what they want because they are a private university and we have freedom of speech but i certainly would encourage the teaching of capitalism on campus. but i think you're all on a different planet. liberals are very supportive of capitalism. and this notion that somehow that the whole country has become anti-capitalist is not true. >> dave horowitz the congress man believes liberals a
we're in the obama economy. a college student doesn't need to study capitalism, moves into his parents house, lives there until he's 30. is on their health care plan. where do you find a professor to teach the joys of capitalism. >> there has to be somebody out there. >> they are there but they are a vanishing minority. >> capitalism is freedom. i appeal to your higher spirits. there must be an agreement with us some place. capitalism is about freedom. live, liberty and...
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Mar 21, 2013
03/13
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for the economy. but to get devote, my senior senator and friend has asked me about the sequester in virginia. and, mr. president, as some of you might know, i took the floor for my maiden speech on this topic last month a little bit earlier than i would have wished to have talked as a freshman senator but with the specter of sequester having such a significant effect on the commonwealth of virginia, i -- i just felt like i couldn't be silent about it. and i have a senate colleague here from hawaii, senator hirono, who i know feels equally strongly about this issue. i took a tour throughout virginia in the middle of february that was designed before sequester was looming to talk to people who were affected about especially in the armed services area and he heard their stories, senator -- and i heard their stories, senator warner, about sequester and the anxieties and threats that it posed. beginning in early april, 90,000 -- 90,000 -- civilian d.o.d. employees will start to be furloughed, just in the
for the economy. but to get devote, my senior senator and friend has asked me about the sequester in virginia. and, mr. president, as some of you might know, i took the floor for my maiden speech on this topic last month a little bit earlier than i would have wished to have talked as a freshman senator but with the specter of sequester having such a significant effect on the commonwealth of virginia, i -- i just felt like i couldn't be silent about it. and i have a senate colleague here from...
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Mar 20, 2013
03/13
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let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this safety net so so that it works to get people back on their feet again. we need to save medicare so that it's not bankrupt because it is on a path to bankruptcy. so that the current seniors can rest in comfort knowing that it's not going to be taken away from them, so that the obamacare rationing board won't take it from them and so that those of white house are younger can plan for it -- of us who are younger can plan for it. we need to balance the budget. balancing the budget is necessary for a healthy economy. for creati
let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this...